Recently, the price of flatbread has soared through historical highs, and behind the carnival that seems to be the coming of the bull market, there is actually a plan to break the US debt crisis. With the $6 trillion U.S. debt repayment deadline approaching on June 30, traditional state and institutional investors have withdrawn from the U.S. bond market, and the United States is eager to find a new takeover. This surge in the currency circle is very likely to be a well-designed "wealth temptation", intended to attract retail funds into the market and fill the gap caused by the sell-off of U.S. bonds.

The new stablecoin regulatory bill in the United States hides a mystery, ostensibly aimed at regulating the market, but in fact it builds a set of "automatic distribution system for U.S. bonds". The bill mandates that compliant stablecoins must be backed by 100% U.S. dollars or U.S. Treasuries as reserve assets. This means that for every $1 additional stablecoin issued, an equivalent amount of U.S. bonds needs to be purchased simultaneously, and the expansion of the stablecoin user base will directly translate into potential buyers of U.S. bonds. At a time when the hegemony of the US dollar is being challenged, this move may become an important means for the United States to use the crypto market to "transfuse" US bonds and maintain financial hegemony.
It is important to be vigilant that the current market prosperity is likely a smokescreen for the transfer of the debt crisis. The true purpose of the USDT issuance is probably to find new funding outlets for the huge hole in U.S. debt. In the face of seemingly attractive market conditions, maintaining rational judgment is the only way to avoid becoming a "catch a falling knife."